Topic: Don't hold your coin on exchange for long time. - page 15. (Read 1563 times)
If your a an active trader , you can hold your coins in exchanges because your actively trading. But if not, then store it,where your have the private key before you see the 404 right in front of you.
yes you should not keep the assets you have in exchange because there is very high risk, one of them is your assets can be stolen there.
It would even be terrible mistake for anyone to do something like that with what has happened to some exchanges over the years and how it can still happens. It is a huge risk to be taking when you do not have any control over your funds and unless you are trading with the certain amount on the exchange, the rest should be left in your wallet for the long term. It is very important to learn how to stay safe in this space, and this is definitely one of those ways. If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Most of the peoples are holding the investment in wallet only but many day traders only hold the exchanging sites because they are always buying and selling continuously so exchanging site is good for the day traders and others are holding the investment in hardware wallet or online wallet.Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
If it is a reliable exchange, for example Binance to keep money on the exchange is a good idea. And if you need to urgently sell? The transaction from the wallet can go long and you will miss the profit.
yes, i agree on this, if you want to hold your coins for the long time better to transfer it on your wallet. because in the wallet is more much secure than any other exchange even if this exchange is on top or not better to secure your funds.
People are looking for the long-term investment, they can withdraw money to their special wallet to protect them. For people who business every day can keep coins in substitution for day trading, nonetheless they are needed to follow all the security measures described by them to protect your close friends from hacking.
In just a significantly better scenario if you do not need the marketplace value every day, at least one time a week.
In just a significantly better scenario if you do not need the marketplace value every day, at least one time a week.
yes I stuju with you can be seen lately MERCATOX also hacked but I was lucky my coin in it is still safe and I immediately sent my coins to my own wallet
but I think it's safer to keep a coin in an exchange wallet because its security is stronger and has a more ordinary value seeing the change in coin prices in grip
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Probably its a great advice. Its better to be safe than losing your money. We have to be more secure if we can save in our personal wallet.
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
I don't really understand why hackers can hack the site of an exchanger, but it's also good we do not long to keep our coins in the exchanger, to anticipate things we don't want...Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
It do get us to wonder why some exchanges are being hacked, do they don't have good security?, do they don't have any security protocols or is their site that easy for hackers to enter?
On the other hand, hackers will always be hackers and it is their goal to make any system available for them. They will do everything and anything to get into a system which will boost their assets as well as their ego because once a system is entered, it became an achievement to them.
There are just those who keeps waiting for the trade to be in a reasonable price before they sell. While their coins are standing in the edge of hacks in the exchanges, and they weren't aware of it even a single bit of it. The ignorance is what leads them the most to regret in the end. I had done this quite a time, never got hacked but I am surely aware that there is always that 100% risks that a certain trading sites might get hack with just one click.
I agree to this. There are a lot of people who hold on to their coin in order to gain more money from it, in the hopes that their coin’s value would increase. However, knowing that cryptocurrencies are volatile in nature, one must study the trends carefully and to know the best time they can buy or sell coins. It is hard to enter into cryptocurrencies without studying the basics first.
really...saving coins in exchange is very risky, better keep our coins in the wallet and have good security. we never know how the exchange will continue, if we forget, and it could also be that if the exchange is a scam then we will lose our money entirely.
I hold my tokens NEM on HitBTC more than 8 months, and I didn't worried about it, because have 2FA access to account
There are just those who keeps waiting for the trade to be in a reasonable price before they sell. While their coins are standing in the edge of hacks in the exchanges, and they weren't aware of it even a single bit of it. The ignorance is what leads them the most to regret in the end. I had done this quite a time, never got hacked but I am surely aware that there is always that 100% risks that a certain trading sites might get hack with just one click.
I will even go a step further to say don't hold your coin on any exchange if you are not planning to trade. Whenever you are in a situation where you do not have control over your coin, you should know that such situation is precarious!
agreed that's why i would say decentralized exchanges are future
Yeah, decentralized exchanges are definitely the future, but the thing is that we are not even there yet, because even decentralized exchanges as it is are still susceptible to hacks at least from what we have seen over the years with the likes of EtherDelta.Yes, there would be a lot of improvement in the long run, but we are simply not there yet. For now, the best way is to just only make use of your wallets and unless you are really looking forward to make some trades, it is better to always leave only what you want to trade with on an exchange.
That's absolutely right, because it often happen,
Even a great exchange like etherdelta.
Last year my friend lost his coin.
It cost almost 1 btc.
He was so stress and regret what he has done.
It could be our lesson that daving in our wallet that we have the control or the private key, it"s much better and save.
Never hold in long time. I know sometimes we lazy to transfer it. But when you lost it, you will regret the whole life.
Even a great exchange like etherdelta.
Last year my friend lost his coin.
It cost almost 1 btc.
He was so stress and regret what he has done.
It could be our lesson that daving in our wallet that we have the control or the private key, it"s much better and save.
Never hold in long time. I know sometimes we lazy to transfer it. But when you lost it, you will regret the whole life.
so far my wallet in the exchanger is still safe from 2016 until now. all my wallets are in poloniex exchanger, binance, bitrex, tidex, hitbtc, z-bit and indodax. I think hackers will steal the assets of careless people, such as not activating 2fa on their wallet exchangers or phishing in the form of cloning website. keep wallets in the wallet offline is more secure, but the impact is more risky virus. IMO
I don't think it's safe to hold your coins on a centralized exchange for a long time.
Can you please tell me the truth, but depending on the price and condition of the body you should keep it long or sell it as fast as possible, depending on the circumstances we have not said before.
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